H.Thomas Moran II, Receiver

October 11 2010

Receivership Update

Investors:

A number of you have called asking why there have been no updates in a long time. This is because very little is going on.The Receiver has been finalizing claims and recently there was a hearing regarding treatment of certain Jordan policy investors who refused to provide a release in exchange for settlement funds. There has been no decision on that issue. The Receiver did obtain a significant sum that had been transferred to Canada and is continuing efforts to locate additional secreted funds.